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The company was folded and re-created in 2009, and privatized in 2012, under the supervision of the EU and IMF, as it was part of the debt-restructuring process of 2012. OPAP (Lottery and Betting Monopoly) – privatization completed in 2013, when the last remaining government-owned stock was sold [15]
There was "very little" privatization during 1992: only 22 state-owned enterprises were privatized. The pace picked up throughout the following year, with more than 260 companies privatized. [64] Four of the 22 enterprises privatized in 1992 were sold to foreign investors. [65] In 1993, 265 companies were privatized, followed by 604 in 1994.
Outright sale of public assets to a private company. In the United States, the contracting of management and operations to a private provider (outsourcing) has been more common than the sale of utility assets to private companies. No major U.S. city has sold its utility assets in recent decades, although some smaller water utilities have done ...
Private companies may be called corporations, limited companies, limited liability companies, unlimited companies, or other names, depending on where and how they are organized and structured. In the United States but not generally in the United Kingdom , the term is also extended to partnerships , sole proprietorships or business trusts .
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States legally regulate the private sector. Businesses operating within a country must comply with the laws in that country. In some cases, usually involving multinational corporations that can pick and choose their suppliers and locations based on their perception of the regulatory environment, local state regulations have resulted in uneven practices within one company.
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This category is for companies headquartered in the United States that do not have stock that trades on a stock market and are not subsidiaries or joint ventures of companies that are publicly-traded.